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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (40059)	6/26/2001 8:50:07 PM
From: IQBAL LATIF	Read Replies (1) of 50167

Oracle Corp. (NasdaqNM:ORCL - news) said the current quarter ``looks a lot stronger,'' with big deals coming back after crumbling in a weak U.S. economy, Larry Ellison, founder and chief executive at the world's No. 2 software maker, said on Tuesday. ``Our current quarter looks a lot stronger than our previous quarter,'' Ellison said during a press conference at the company's headquarters in Redwood Shores, California. ``We're seeing some of the big deals coming back,'' said Ellison. The enterprise software companies has seen revenues fall short of Wall Street expectations after corporate customers cut spending on large projects. On June 18, Oracle posted fiscal fourth-quarter earnings that matched analysts' consensus forecast, and said it would see ''zero'' revenue growth and flat earnings of 8 cents a share in its first quarter, which is usually its smallest for sales. Oracle shares ended Tuesday's regular Nasdaq trading session 67 cents higher at $18.44.

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